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Financial Goals Take a Backseat to Wedding Planning

First come joint accounts, then comes marriage, in line with Weddings & Cash 2021: A Brides & Investopedia Research. The net survey of 1,000 U.S. adults planning their weddings discovered many {couples} are sharing accounts, making large purchases, and tackling debt burdens collectively earlier than tying the knot. 

Nonetheless, most {couples} prioritize planning and paying for his or her wedding ceremony over large monetary objectives reminiscent of paying down debt, shopping for a house, or saving for retirement.

Key Takeaways

  • The research discovered most {couples} (63%) who’re planning their weddings recurrently discuss cash, and almost half (48%) already share joint monetary accounts
  • Checking, bank card, and funding accounts are the commonest joint accounts amongst People planning their weddings
  • Most {couples} (67%) are carrying debt. Amongst them, 84% plan to deal with at the least a few of that debt collectively 
  • Most surveyed {couples} mentioned they’ve delay at the least one in all their monetary priorities in favor of the marriage (87%)
  • Regardless of how intertwined their cash already is, solely a 3rd (33%) of engaged {couples} plan on utilizing a prenup earlier than getting married

Many {Couples} Mix Funds Earlier than Marriage

The research discovered 63% of {couples} planning their weddings recurrently discuss cash, and almost half (48%) already share joint financial accounts. 

The sorts of accounts fluctuate, however amongst those that share monetary accounts, checking (65%), bank card (47%), and funding accounts (32%) are the commonest.

“The co-mingling of accounts by {couples} planning a marriage is an effective first step in direction of the monetary transparency that’s mandatory to construct a relationship primarily based on belief and partnership”, mentioned Caleb Silver, editor-in-chief of Investopedia.”The subsequent step is making a monetary plan that each companions consider in and might use to construct a steady, profitable monetary future.”

Most {couples} planning a marriage proper now are additionally carrying debt—both one (38%) or each (29%) companions—and plan to pay again that debt collectively. The truth is, 84% of survey respondents in {couples} with debt mentioned they might tackle at the least some debt collectively and greater than half (55%) mentioned they may tackle all of the debt collectively.

{Couples} youthful than 30 are much less prone to say at the least one companion is in debt in comparison with these older than 30 (60% versus 70%, respectively). Males usually tend to be in debt than girls (31% versus 19%), however the survey discovered girls usually tend to be carrying student loan debt than males (26% versus 17%).

Huge Monetary Targets Usually Delayed in Favor of Weddings

General, engaged {couples} are actively making monetary selections or changing their habits previous to getting married. For some, this implies taking over massive purchases like shopping for a automotive or house, however for a lot of it means selecting to prioritize the marriage over different monetary objectives—together with debt reimbursement.

An awesome majority of survey respondents (87%) mentioned they’ve delay at the least one in all their large monetary priorities in favor of planning and paying for a wedding, specifically saving for a house, beginning or rising a household, and saving for retirement. Maybe most notably, whereas 35% of {couples} mentioned they’re paying off debt, 21% have delay repayments in favor of their wedding ceremony.

The Brides and Investopedia research knowledge exhibits delayed objectives might intently align with typical age-related milestones. For instance, respondents youthful than 30 usually tend to delay saving for a house than older respondents, whereas 30- to 40-year-olds are almost definitely to place off saving for childcare or a baby’s schooling. 

Survey respondents who earn greater than $150,000 yearly are the almost definitely to place off at the least one monetary precedence in favor of paying for a wedding. A steep 91% of surveyed people in that revenue bracket mentioned they’re delaying one other monetary objective, specifically saving for childcare or rising a household, and saving for a house.

The survey responses of high-income people exhibits that some individuals have choices in relation to what monetary objective they prioritize and when. That is possible indicative of wealth and privilege fairly than a must prioritize objectives primarily based on price range constraints.

Prenups Are Unusual

Regardless of the prevalence of commingled funds, most engaged {couples} as we speak don’t plan on utilizing a prenup. Solely 33% of surveyed {couples} mentioned they plan on signing a prenuptial agreement earlier than getting married. 

Maybe unsurprisingly, {couples} with greater annual revenue ranges had been more likely to report utilizing a prenup earlier than getting married. Almost half (48%) of those that make $150,000 or extra per yr advised Brides and Investopedia they’re utilizing a prenup in comparison with simply 13% of those that make $75,000 or much less annually. Males are additionally a bit extra prone to say they may or have thought-about utilizing a prenup earlier than marriage, too. 


The Weddings & Cash 2021: A Brides & Investopedia Research was fielded on-line to 1,000 U.S. adults between July 30 and September 14, 2021. Respondents are planning a marriage, have an occasion date throughout the subsequent 24 months, and are concerned within the wedding ceremony planning course of. Quotas had been used to make sure the survey pattern represents the U.S. Census estimates for gender, race/ethnicity, and area.

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